Document background
The Non-Discretionary Investment Advisory Agreement is essential for investment advisory relationships in Hong Kong where the advisor provides professional investment recommendations but the client maintains final decision-making authority over their investments. This document is required for compliance with Hong Kong's Securities and Futures Ordinance and SFC regulations, typically used when establishing formal advisory relationships with individual, corporate, or institutional clients. The agreement covers crucial elements including service scope, fee structures, risk disclosures, compliance obligations, and client protections, while ensuring clear documentation of the non-discretionary nature of the relationship. It's particularly important for licensed investment advisors operating in Hong Kong's financial markets who must demonstrate clear compliance with regulatory requirements while providing investment advisory services.
